Infra-Annual Labor Statistics: Inactivity Rate Total: From 25 to 54 Years for Slovak Republic
LRIN25TTSKA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9.78
Year-over-Year Change
-5.78%
Date Range
1/1/1999 - 1/1/2024
Summary
The Infra-Annual Labor Statistics: Inactivity Rate Total: From 25 to 54 Years for Slovak Republic measures the percentage of the Slovak population aged 25 to 54 that is not employed or actively seeking work. This indicator provides insights into labor market participation and workforce engagement.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This inactivity rate tracks individuals between 25 and 54 years old who are neither employed nor actively seeking employment in the Slovak Republic. Economists use this metric to assess labor market dynamics and workforce engagement trends within this key demographic group.
Methodology
The data is collected through household and labor force surveys conducted by the Slovak statistical agency.
Historical Context
Policy makers and labor market analysts monitor this inactivity rate to inform employment, education, and social policies.
Key Facts
- The inactivity rate for Slovaks aged 25-54 was 18.4% in 2021.
- Inactivity rates are higher for women than men in this age group.
- Trends in this metric help assess labor market health and utilization.
FAQs
Q: What does this economic trend measure?
A: The Infra-Annual Labor Statistics: Inactivity Rate Total: From 25 to 54 Years for Slovak Republic measures the percentage of the population aged 25 to 54 in Slovakia that is not employed or actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: This inactivity rate provides insights into labor force participation and workforce engagement within a key demographic group, which is useful for economists, policymakers, and labor market analysts.
Q: How is this data collected or calculated?
A: The data is collected through household and labor force surveys conducted by the Slovak statistical agency.
Q: How is this trend used in economic policy?
A: Policymakers and labor market analysts monitor this inactivity rate to inform employment, education, and social policies in Slovakia.
Q: Are there update delays or limitations?
A: The data is published on an infra-annual basis, so there may be some delay in the most recent reporting.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Inactivity Rate Total: From 25 to 54 Years for Slovak Republic (LRIN25TTSKA156N), retrieved from FRED.